ACCOUNTS - Final Accounts preparation

Cash and cash equivalents

Registered number: 10364951

REZATEC (UK SERVICES) LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024


REZATEC (UK SERVICES) LIMITED

COMPANY INFORMATION

Directors	G Czegledy (appointed 19 October 2024)
	S Gandhi (appointed 19 October 2024)
	P C Clarke (resigned 30 July 2024)
	M P Duke (resigned 19 October 2024)
	P J Newton (resigned 19 October 2024)


Company secretary	Dentons Secretaries Limited


Registered number	10364951


Registered office	One
	Fleet Place
	London
	England
	EC4M 7WS


Independent auditors	AAB Audit & Accountancy Limited
	Kingshill View
	Prime Four Business Park
	Kingswells
	Aberdeen
	AB15 8PU


REZATEC (UK SERVICES) LIMITED

CONTENTS

	Page
Directors' responsibilities statement	1
Balance sheet	2
Notes to the financial statements	3 - 7


REZATEC (UK SERVICES) LIMITED

DIRECTORS' RESPONSIBILITIES STATEMENT

FOR THE PERIOD ENDED 31 DECEMBER 2024

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgements and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 1


REZATEC (UK SERVICES) LIMITED REGISTERED NUMBER:10364951

BALANCE SHEET

AS AT 31 DECEMBER 2024

	31 December	31 March
	2024	2024
Note	£	£


Current assets
Debtors: amounts falling due within one year	4	39,162		141,624
Cash at bank and in hand	5	25,078		96
		64,240		141,720
Creditors: amounts falling due within one year	6	(848,348)		(1,017,255)
Net current liabilities			(784,108)		(875,535)
Total assets less current liabilities			(784,108)		(875,535)

Net liabilities			(784,108)		(875,535)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(784,109)	(875,536)
	(784,108)	(875,535)

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

S Gandhi

Director

Date: 6 October 2026

The notes on pages 3 to 7 form part of these financial statements.

Page 2


REZATEC (UK SERVICES) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

Rezatec (UK Services) Limited is a private company limited by shares incorporated and registered in England and Wales. The registered office is One, Fleet Place, London, England, EC4M 7WS. The Company's registered number is 10364951.

The principal activity of the Company during the year was the operation of a domestic and commercial software development.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3


REZATEC (UK SERVICES) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.3

Going concern

The directors have considered the obligations of the company over the coming months at the time of approval of these financial statements and the company continues to receive financial support from the group as is necessary to enable them to meet their obligations as and when they fall due, for a period of at least twelve months from the date of approval of the financial statements.

The company has net liabilities of £784,108. Included within net liabilities is £222,173 of amounts owed to Hexcuity Limited, the immediate parent of the company. Hexcuity Limited have confirmed their continuing support for the company and have confirmed that this amount will not be called up while there remains a funding requirement.

As a result, the directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements.

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from product sales is recognised on delivery.

Revenue relating to software support is recognised in the period to which it relates. Any element relating to future periods is deferred accordingly.

Consultancy revenue is recognised in the period to which it relates.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4


REZATEC (UK SERVICES) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5


REZATEC (UK SERVICES) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).

Debtors

					31 December	31 March
					2024	2024
					£	£


Trade debtors	-	69,031
Other debtors	-	100
Prepayments and accrued income	39,162	72,493
	39,162	141,624

Cash at bank and in hand	25,078	96
	25,078	96

Trade creditors	-	11,964
Amounts owed to group undertakings	382,843	334,210
Other taxation and social security	976	4,552
Other creditors	2,469	-
Accruals and deferred income	462,060	666,529
	848,348	1,017,255

Page 6


REZATEC (UK SERVICES) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

Related party transactions

Control

The company's immediate parent company is Hexcuity Limited a company incorporated in England and Wales.

The largest and smallest group in which the results of the company are consolidated is that headed by the ultimate parent entity and controlling party, Constellation Software Inc. a company incorporated in Canada.

Transactions

The company has taken advantage of Section 1AC.35 of Financial Reporting Standard 102 which allows exemption from disclosure of related party transactions with other group companies.

8.	Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2024 was unqualified.

The audit report was signed on 9 October 2026 by Graeme Penman (Senior statutory auditor) on behalf of AAB Audit & Accountancy Limited.

Page 7